Average Hourly Earnings (YoY): 3.0%

Actual3.0%

Forecast3.2%

Previous3.1%

Surprise -1.43σ

VerdictBELOW FORECAST

ReadBonds NEUTRAL · Equities NEUTRAL

Average Hourly Earnings (YoY): Actual 3.0%, forecast 3.2%, prev 3.1%. Surprise: BELOW FORECAST by 1.4 sigma. Desk read: Bonds NEUTRAL · Equities NEUTRAL.

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